Trump, credit card and Wall Street
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President Donald Trump accused banks of discriminating against conservatives. JPMorgan Chase and Bank of America denied the debanking claims.
1don MSN
Wall Street reveals Trump executive order has significantly reduced federal regulatory pressure
Major banks report regulatory relief following Trump's de-banking executive order, with expected reduced account closures and streamlined reporting.
On January 11th Mr Trump declared that from January 20th firms charging annual interest of more than 10% on credit-card loans would be in for “very severe things”. Days later he urged Congress to curb fees merchants pay to card-payment processors such as Visa and Mastercard.
A number of banking and financial stocks slumped Monday after Trump over the weekend suggested that credit card interest rates should be capped.
President Donald Trump can use to compel banks to cap rates at 10%, but they do think there will be negative consequences for consumers.
One of President Donald Trump’s latest policy proposals has the backing of a majority of Democrats, according to a new poll. Democrats rarely side with the president on major policy issues and have rebuked his administration's approach to economic issues like tariffs.
"Any nominee from U.S. President Trump is likely to have to place additional emphasis on their independence to try and prove they are above politics."
1don MSN
Trump’s attacks on the Federal Reserve risk fuelling US inflation and ending dollar dominance
US president Donald Trump’s attacks on the chairman of the Federal Reserve, Jerome Powell, are yet another signal of a new era of economic policymaking and governance. After repeatedly calling Powell “stupid” for not lowering interest rates quickly enough,